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SAIC-GM and CATL sign cooperation agreement to develop next generation battery

SHANGHAI – SAIC-GM has signed a strategic cooperation agreement with Contemporary Amperex Technology Co., Ltd. (CATL) here to jointly explore technologies in the automotive battery field and make further cooperation on research and development of next generation battery products for SAIC-GM’s new energy vehicles.

Based on the agreement, SAIC-GM and CATL will actively explore efficient and practical cooperative models for the development of NEV battery products using advantages in their respective industry sectors. Moreover, with the deepening of the strategic cooperation, the two sides will increase their sustainable development and innovation capabilities to form strong core competitive strength and achieve win-win in the cooperation.

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